Bitcoin Faces Pressure as $2.1 Billion Options Expire
- Options Expiry Impact: Approximately $2.1 billion in Bitcoin options are set to expire on February 6, putting pressure on Bitcoin prices, which are currently fluctuating between $63,000 and $65,000, nearly 50% below the 2025 high of $126,000.
- Call vs. Put Ratio: Despite call options still outnumbering puts with a put-to-call ratio near 0.60, indicating many traders positioned for price increases in prior weeks, most call options are currently out of the money, with the max pain level around $80,000.
- Support Level Focus: Analysts are closely monitoring the $60,000 area, which has acted as short-term support during recent sell-offs; a sustained break below this level could deepen losses, while holding above it may allow for temporary relief rallies, potentially pushing prices toward the $70,000 to $75,000 range.
- Weak Market Momentum: Bitcoin has broken below the 100-day moving average, indicating strong selling interest, with the relative strength index nearing 20 and no bullish divergence observed, suggesting limited interest from dip buyers and a likely continuation of soft price action in the near term.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36469.337 | 48234.669 | 61205.087 | 72970.419 | 85940.837 | 97706.169 | 110676.587 |
| Fibonacci | 48234.669 | 57683.725 | 63521.362 | 72970.419 | 82419.475 | 88257.112 | 97706.169 |
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